Corporate buying is tightening Bitcoin’s supply at a rapid pace. Institutional and publicly traded firms now hold close to 1 million BTC on their balance sheets.

Institutional treasuries now hold 995,031 BTC, with 6,760 BTC added in just the past week. The top 100 firms alone control nearly 5% of the circulating supply, a concentration that amplifies scarcity in an already capped-issuance asset.

Leaders in this accumulation trend include MicroStrategy, which has doubled down on its balance sheet strategy, and Galaxy Digital, which continues to treat Bitcoin as a core reserve asset. This institutional activity reflects a broader shift: in 2025, 228 institutions disclosed BTC holdings in official filings, a sign of mainstream adoption.

Reduced liquid supply makes each marginal buy more impactful, fueling potential upside pressure. If this pace continues, corporate treasuries could soon surpass the symbolic 1 million BTC milestone, reinforcing Bitcoin’s narrative as a scarce institutional-grade asset.

BTC Price Reaction: Technical Rebound from Support 

From a technical standpoint, Bitcoin has shown resilience at key levels. The asset defended its 200-day EMA ($104,044) and reclaimed the 7-day SMA ($109,953), both widely watched indicators. The RSI-14 rebounded from 43 to 45.5, lifting the token out of oversold territory and signaling early signs of recovery.

Source: coinmarketcap 

Short-term traders responded to this resilience, covering bearish bets as BTC avoided breaking below $107,271, the June 2025 swing low. Still, resistance sits overhead at $113,836 (61.8% Fibonacci retracement). A breakout above this level could trigger momentum-driven buying and validate a trend reversal.

What this means: Bitcoin’s price structure remains cautiously bullish, but traders are waiting for confirmation. If $113K falls, momentum funds and algos could amplify upside.

Can Accumulation Overcome Macro Risks?

Bitcoin’s recent uptick reflects three reinforcing dynamics: institutional treasuries steadily absorbing supply, Wall Street adjusting its valuation frameworks in BTC’s favor, and technical resilience at long-term moving averages. Together, these factors provide a strong foundation for bullish positioning.

But the picture isn’t without risks. Macro uncertainties — from

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Author: Crypto Daily